Aquabattery Raises €6M to Develop Sustainable Energy Storage Solution
Aquabattery Raises €6M in Seed Funding
Aquabattery Raises €6M in Seed Funding
Key Highlights:
- Company Overview: Aquabattery is a climate tech startup based in Alphen aan den Rijn, the Netherlands, specializing in saltwater long duration energy storage (LDES) solutions.
- Seed Funding: Raised €6M in seed funding led by EIT InnoEnergy, with support from InnovationQuarter, Invest-NL, Init Power, and a group of business angels.
- Technology: Developing a flow battery that stores clean electricity in table salt and water for 8 hours or longer, offering a sustainable energy storage solution.
Aquabattery's Target Market
- Renewable Energy Sector: Targeting the renewable energy industry, including solar and wind power providers, seeking efficient and sustainable energy storage solutions.
- Energy Storage Providers: Collaborating with energy storage companies and utilities interested in incorporating long duration energy storage solutions into their offerings.
- Research and Development Partnerships: Engaging with research institutions and universities to further develop and optimize their saltwater energy storage technology.
What Aquabattery Needs to Buy
- Research and Development Collaboration: Partnerships with research institutions and universities to advance their saltwater energy storage technology.
- Manufacturing and Supply Chain Solutions: Collaborating with manufacturers to scale up production and establish a reliable supply chain for their flow batteries.
- Marketing and Sales Support: Engaging with marketing agencies and sales experts to effectively promote their sustainable energy storage solutions to target customers.